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Financial Express Hyderabad - May 01, 2025

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In this issue

May 01, 2025

Cabinet Clears ₹22,864-Cr Northeast Highway Project

The government on Wednesday approved ₹22,864 crore greenfield high-speed corridor that will connect Shillong in Meghalaya to Silchar in Assam.

1 mins

Easier Tax Returns Now for LTCG Up to ₹1.25 Lakh

THE CENTRAL BOARD of Direct Taxes (CBDT) on Wednesday notified the income tax return forms 1 and 4 for the assessment year 2025-26, making it easier for individuals with long-term capital gains of up to ₹1.25 lakh from listed equities to file returns.

1 mins

Cabinet clears ₹22,864-cr Northeast highway project

THE GOVERNMENT ON Wednesday approved ₹22,864 crore greenfield high speed corridor that will connect Shillong in Meghalaya to Silchar in Assam.

2 mins

Why only one among Big Four is on Sebi's panel of forensic auditors

THE FREQUENCY OF past engagements of auditors and their track record of the last three years have played a crucial role in Securities and Exchange Board of India's (Sebi's) decision to cut down the number of forensic auditors for listed companies on its panel, people aware of the matter told FE.

1 mins

CCI quashes case against J&K Bank

THE COMPETITION COMMISSION of India (CCI) on Wednesday dismissed a complaint filed against Jammu and Kashmir Bank for allegedly abusing its dominant position by entering into anti-competitive agreements with various entities.

1 mins

Road safety, tolling systems set for major upgrade: Gadkari

THE GOVERNMENT IS planning a mobility infrastructure overhaul for the country that would include advanced satellite-based tolling systems for highways, major public transport upgrades, and stricter safety regulations, Union minister for road transport and highways Nitin Gadkari said on Wednesday.

1 mins

Above-normal heat conditions likely in most parts in May

THE INDIA METEOROLOGICAL Department (IMD) on Wednesday said most parts of the country are likely to see 'above normal' maximum temperatures in May with the exception of parts of southern peninsular and eastern regions.

1 mins

CCEA Approves 4% Increase in Sugarcane FRP for This Season

Sweet Deal

2 mins

Indian Oil Q4 profit jumps 52%

Increased Sales

1 mins

Low-output firms account for 63% jobs in services

SERVICES SECTOR ENTERPRISES with less than ₹500 crore output accounted for 63.03% of the total employment in the segment, according to a government survey released on Wednesday.

1 mins

Goyal may travel back to UK to wrap up FTA

COMMERCE AND INDUSTRY minister Piyush Goyal may travel to London again later this week before he returns to India from the ongoing three-nation foreign tour, to iron out a few irritants in the free trade agreement (FTA) with the UK, according to sources.

1 mins

Adani Power net down 3%

ADANI POWER POSTED a net profit of ₹2,649 crore in the fourth quarter of FY25, down 3% year-on-year, missing consensus estimates of analysts who had pegged the figure at ₹2,355 crore.

1 mins

Varun Beverages profit up 35%

PEPSICO BOTTLER VARUN Beverages on Wednesday reported a 35.2% rise in its net profit during the January-March 2025 quarter to ₹726.4 crore, on the back of healthy volume growth.

1 mins

Vedanta net profit rises 154% in Q4

MINING MAJOR VEDANTA on Wednesday reported a 154.4% increase in consolidated net profit to ₹3,483 crore in the quarter ended March 2025, driven by lower production cost and higher volume.

1 mins

Westlife to continue taking a big bite of larger McDonald's outlets

WHILE THE SLOWDOWN in demand for dine-in has prompted some quick-service restaurant (QSR) chains to opt for smaller outlets, Westlife FoodWorld will continue to open outlets of a standard size.

1 mins

Ford Resumes Preparations for TN Unit, Ops Likely in H2 2025

FIRST PHASE

1 mins

Retail majors see FY26 demand rise in line with consumer peers

TOP EXECUTIVES AT retail firms such as Reliance Retail, Trent, Shoppers Stop and Vishal Mega Mart have pointed to a better FY26 than FY25, led by the government's fiscal stimulus measures, a good monsoon forecast and growing discretionary incomes.

2 mins

April Auto Sales Fall 7.5% on Year, EVs Witness 30% Rise

AUTO SALES HAVE got off to a slow start in FY26 with total vehicle registrations falling 7.5% y-o-y to 2.06 million units.

1 mins

Rapido in advanced talks with NRAI for food delivery

RIDE-HAILING UNICORN RAPIDO is in advanced discussions with the National Restaurant Association of India (NRAI) to onboard restaurants for its foray into the food delivery space.

1 mins

TCS Extends GenAI Pact With SAP

IT MAJOR TATA Consultancy Services (TCS) has extended its collaboration with SAP, a global leader in enterprise software and business AI, to support large-scale business transformation using generative artificial intelligence (GenAI).

1 mins

Costa Coffee sees India among top 5 markets in 5 years

INDIA WILL BE among the top-five global markets for Costa Coffee in five years, the retailer's global CEO Philippe Schaillee said on Wednesday.

1 mins

Brokers up in arms against MagicBricks

THE NATIONAL ASSOCIATION of Realtors – India (NAR-India), a national body of RERA-registered and licensed brokers, on Wednesday said it had issued a directive to its members for non-engagement and non-cooperation with MagicBricks Realty Services over its recent publicity videos that \"have been disrespecting, misrepresenting and marginalising real estate brokers\".

1 mins

Q-comm profitability may come a quarter late

INDIA'S LISTED QUICK commerce players — Zomato's Blinkit and Swiggy Instamart — are expected to see solid growth in order volumes and store expansions in the fourth quarter of FY25, but their profitability timelines may stretch further, analysts at JP Morgan have said.

1 mins

Aramco eyes 20% stake each in BPCL, ONGC refineries

THIS WILL BE part of Saudi Arabia's commitment to invest $100 billion in India over the next few years in various sectors.

1 mins

WinZo flags GST concerns as growth rate takes a hit

THE GOODS AND services tax (GST) levied on online gaming platforms should be on their revenues, and not on deposits made by customers in platform wallets, WinZo co-founder and chief executive Paavan Nanda told FE, as the company's growth rate slowed in FY24.

1 mins

Airtel SIM sale via Blinkit put on hold

THE SALE OF Airtel SIM cards through its quick-commerce partner Blinkit has been put on hold after the department of telecommunications (DoT) questioned the telco on the know-your-customer (KYC) procedure being followed.

1 mins

Samsung profit dips after trade war hits AI spending

SAMSUNG ELECTRONICS REPORTED slower profit growth and softening demand for storage chips, a sign that the US-China trade war may be triggering cuts in AI hardware spending.

1 mins

Meta rolls out AI app to compete with ChatGPT

META PLATFORMS RELEASED a new standalone artificial intelligence app on Tuesday in a bid to compete with other popular chatbots like OpenAI's ChatGPT.

1 mins

Google eyes Gemini deal with Apple in mid-2025

GOOGLE HOPES TO enter an agreement with Apple by the middle of this year to include its Gemini AI technology on new phones, CEO Sundar Pichai said in testimony at an antitrust trial in Washington on Wednesday.

1 mins

Euro zone GDP expands faster than expectations

THE EURO-AREA economy grew more than expected at the start of the year, though is yet to feel the full force of US President Donald Trump's tariffs.

1 mins

Trump says China may 'eat' tariffs, lessening US impact

US President Donald Trump said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.

1 mins

US GDP Contracts in Q1; Tariffs Unleash Flood of Imports

THE US ECONOMY contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.

1 mins

PE and the growth story

Private equity (PE) in India is undergoing a transformation more profound than a cyclical investment shift.

4 mins

100 Days of Shock and Awe

India has adopted a sensible approach of dealing with as unpredictable a US President as Donald Trump

2 mins

Starbucks Needs a Jolt. It Got Some Cold Brew.

BRIAN NICCOL'S EFFORTS to turn around Starbucks Corp. are facing some cold brew: a US consumer less willing to spend $6 on a latte.

3 mins

Judges Must Come Clean About Assets

In public life, perception is as important as reality. Thus, it is imperative for the judiciary to be perceived to be above board

3 mins

'Security must for product design'

As vehicles become increasingly reliant on software, cybersecurity has become a critical component of automotive safety.

2 mins

Mobius sees India gaining at the expense of China

VETERAN EMERGING-MARKETS INVESTOR Mark Mobius is keeping the bulk of his funds' holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months.

2 mins

Mobius Sees India Gaining at the Expense of China

Veteran emerging-markets investor Mark Mobius is keeping the bulk of his funds' holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months.

2 mins

Cybersecurity Norms: Entities Grouped Under Four Categories

SEBI on Wednesday grouped qualified registered entities (REs) into four categories based on size and risk level under the cybersecurity and cyber resilience framework (CSCRF).

1 mins

Common contract note issuance deferred again

The Securities & Exchange Board of India (Sebi) has directed the exchanges to further defer the issuance of a common contract note for foreign portfolio investors (FPIs) and institutional investors to July 1.

1 mins

Ather Energy Issue Fully Subscribed on Institutional Support

THE ₹2,981-crore initial public offering (IPO) of Ather Energy was fully subscribed on the final day of the bidding on Wednesday, supported by the strong demand from institutional investors.

1 mins

Gold investment demand grows: WGC

RECENT RALLY REINFORCES SAFE-HAVEN APPEAL

2 mins

Sebi warning puts opinion trading platforms in a bind

OPINION TRADING PLATFORMS, which allow users to wager on the outcome of future events, and were largely operating under the radar in India, find themselves in the middle of an unwanted spotlight, courtesy a strong warning issued by the markets regulator.

2 mins

Demat a/cs May Be a Must for Select Shareholders Before IPO

The Securities and Exchange Board of India (Sebi) on Wednesday proposed mandating select shareholders, including directors, key managerial personnel and current employees, to hold shares in the demat form before filing an initial public offering (IPO) document.

1 mins

Bajaj explores insurance expansion post Allianz exit

BAJAJ FINSERV is exploring expansion of its insurance business following Allianz's exit, even as the company awaits approval from the Competition Commission of India and the Insurance Regulatory and Development Authority of India to acquire Allianz's 26% stake in two insurance joint ventures — Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

1 mins

Adani puts on hold $10-bn chip project

The rethink in plans by group chairman Gautam Adani could be a setback for the Centre's 'Make in India' plans for promoting the semiconductor industry.

1 mins

India tariff talks going great: Trump

TRUMP HAD IMPOSED a 26% reciprocal tariff on India, and later paused it for 90 days to discuss trade agreements.

1 mins

Central Bank eyes ₹4,500-cr recovery in FY26

CENTRAL BANK OF India is targeting recovery ₹4,500 crore from bad loans in the current financial year, nearly a 11% increase over ₹4,062 crore recovered in the previous financial year.

1 mins

Majority of Indians seek job switch in next one year: Aon

MAJORITY OF WORKERS in India are either in the process of changing jobs or might do so in the next 12 months, according to a study by leading global professional services firm Aon.

1 mins

US Urges India, Pak Not To Escalate Situation

WITH PRIME MINISTER Narendra Modi promising retribution for the Pahalgam terror attack and telling the military brass that they have \"complete operational freedom to decide on the mode, targets and timing of our response\", the US has started reaching out to India and Pakistan to ask them \"not to escalate the situation\".

2 mins